This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is not generally true about a profit-maximizing monopolist? a. The ... (Read 102 times)

pane00

  • Hero Member
  • *****
  • Posts: 579
on: Jun 30, 2018
Which of the following is not generally true about a profit-maximizing monopolist?
 a. The monopolist faces a perfectly elastic demand curve.
 b. The monopolist can potentially continue to earn economic profits in the long run.
  c. The monopolist charges a price that exceeds marginal cost.
 d. The monopolist chooses output where marginal revenue equals marginal cost.

Question 2

It is often argued that if foreign goods are kept out of the domestic economy:
 a. jobs will be lost at home.
  b. jobs will be created abroad.
  c. domestic consumers will enjoy product surpluses.
  d. jobs will be created at home.
  e. foreign consumers will suffer product shortages.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

katieost

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


pane00

  • Member
  • Posts: 579
Reply 2 on: Jun 30, 2018
Excellent

essyface1

  • Member
  • Posts: 347
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

According to research, pregnant women tend to eat more if carrying a baby boy. Male fetuses may secrete a chemical that stimulates their mothers to step up her energy intake.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha The tolerance of male lions towards the cubs varies. They are, however, generally more likely to sha
Male giraffe mounting a female. Only dominant males are generally able to mate. Male giraffe mounting a female. Only dominant males are generally able to mate.
True-color view of Mars seen through NASA's Hubble Space Telescope in 1999 True-color view of Mars seen through NASA's Hubble Space Telescope in 1999
True-color image of layers of haze in Titan's atmosphere. True-color image of layers of haze in Titan's atmosphere.
Profit-maximizing Chart Profit-maximizing Chart
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library